The board of directors ("Board") and the management team ("Management") of Perennial Real Estate Holdings Limited (the "Company", and together with its subsidiaries, "Perennial") believe in and are firmly committed to observing high standards of corporate governance to ensure the sustainability of Perennial's businesses and to safeguard the interests of the Company's shareholders ("Shareholders"). Perennial focuses on developing and maintaining sound and transparent policies and practices to reinforce its corporate governance framework and to provide a firm foundation for the growth of a trusted and respected business enterprise.
This report sets out Perennial's corporate governance practices for the financial period from 28 October 2014 to 31 December 2015 ("Period") with reference to the Code of Corporate Governance 2012 ("Code"). Where there are deviations from the principles and guidelines of the Code, an explanation has been provided in this report.
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